Country's largest mortgage firm HDFC Ltd has said it would unlock values of its subsidiaries including life and non-life ventures at opportune time.
RERA is a new era in real estate. A new transparent, efficient era is being developed, said Deepak Parekh, Chairman, HDFC.
Fast-tracked mega transport projects worth Rs 60,000 crore and reforms in housing space will give a big boost to quality of living and ease of doing business in this 'Maximum City', helping it shun an unwanted "maximum inconvenience" tag, industry leader Deepak Parekh has said.
The Rs 3,000-crore issue of unsecured rupee-denominated bonds bears a fixed semi-annual coupon of 7.35 percent per annum.
With commercial banks frowning at the low 5 percent credit and blaming it on weak industrial activity, HDFC chairman Deepak Parekh said this should not be viewed negatively as corporates are de-leveraging on one hand and are raising money from the debt market on the other.
Budget 2017 has achieved balance between focus on investment & fiscal prudence, said Chanda Kochhar, MD and CEO of ICICI Bank.
Deepak Parekh, Chairman, HDFC is disappointed that there was nothing on corporate tax, except a proposal to cut corporate tax rate for MSMEs (Micro Small and Medium Enterprises) having revenues less than Rs 50 crore to 25 percent.
Market is over reacting to demonetisation move and Trump-win. India has never been in a stronger position as it is today, says Deepak Parekh, Chairman of HDFC.
Chanda Kochhar, managing director and chief executive officer of ICICI Bank says it is the most transformational and game changing move ever. The move is sure to impact the parallel economy or black money.
In a major boost to ousted Tata Sons chairman Cyrus Mistry, independent directors of the group's hospitality arm Indian Hotels Co Ltd today endorsed his leadership while expressing their 'unanimous' full confidence in him.
Asserting that over a period of time investors look for scale, sustainability and maturity in companies, Hiren Ved of Alchemy Capital said that great companies going through difficult times can be the best bets.
At a time when the Railways plans to invest Rs 8.56 trillion to develop infrastructure, veteran banker Deepak Parekh today said the government needs to carefully evaluate its finances and focus on building only core assets.
Citing the example of Mumbai, he said, the authorities have blacklisted five contractors who will not participate after monsoon because their quality has been poor.
"India has never been in a stronger position than today from a macro-economic perspective. The country is demonstrating an immense growth potential helped by a strong leadership at the helm, driving key policy changes," Parekh said at a risk summit organised by CII.
On rate cuts, Rangarajan says the impact of monsoon needs to be seen. If vegetable prices decline, then the RBI could look at cutting rates before December
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The Rs 3,000-crore issue of unsecured rupee-denominated bonds bears a fixed semi-annual coupon of 7.875 percent per annum and has a tenor of 3 years and 1 month, HDFC said in a statement.
HDFC Ergo-L&T General Insurance buyout, HDFC Life-Max Life merger and a potential Bajaj Finserv acquisition of Allianz's stake in its joint ventures may spill over and pave way for such mergers going ahead.
In his annual message to shareholders of HDFC, Deepak Parekh further said in a sector like real estate where multiple approvals are required, embarking on a digital platform to grant approvals will be a significant game changer for the industry.
Speaking to CNBC-TV18 Deepak Parekh said that Indian fundamentals are strong and Brexit won‘t impact us a lot, however Indian companies manufacturing in UK may get impacted.
Top industry leaders today said RBI Governor Raghuram Rajan's decision not to take a second term will be "nation's loss" as he brought economic stability and enhanced India's credibility on the world stage.
As per the deal, there would be two schemes of amalgamation. First, Max Life will merge into Max Financial and then the merged entity would amalgamate into HDFC Life.
Max Financial Services shares rallied nearly 20 percent and HDFC gained 2 percent intraday Friday after a media report indicated there are merger talks between companies for their life insurance business.
Siddharth Parekh, an experienced Indian private equity investor and entrepreneur Sumeet Nindrajog who manage the fund said PPGF-I plans to invest in 10-15 mid-market companies in India with an average deal size of USD 10-20 million.